Shiba Inu price pattern points to a 190% surge as burn rate rises 234,584%

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Ah, the Shiba Inu, the coin of our dreams – or should we say, the meme coin that’s somehow more durable than your grandmother’s antique furniture. A sudden, exhilarating uptick in price, coupled with a burn rate that’s about as enthusiastic as a puppy in a new yard – we’re talking a jaw-dropping 234,584% rise, for those who can’t keep up. It’s like the coin was just waiting for the burn of its lifetime to begin. A glorious bonfire of coins. You can practically hear the sizzle. 🔥

On Sunday, Shiba Inu hit $0.000016, the highest price it’s seen since February – and a 52% jump from the year’s low. The kind of rally that makes you want to quit your job and just… get in on this ride. Too bad the rest of us are still working to pay rent. 🏡

Meanwhile, Ethereum is clinging to its $2,500 resistance level like a last-minute passenger on a train that’s about to depart. This action set off a chain reaction, triggering the rise of other ERC tokens like Pepe, AAVE, and Uniswap, who were just waiting for the market to bless them with a little spotlight. It’s a party, and everyone’s invited. 🍾

But what really had Shiba Inu fans dancing in the streets was the incineration of 19 million tokens. Yes, you read that right—19 million. One fan sent 17.8 million to the fire, while another tossed in 1 million like it was nothing. The coin-burning equivalent of setting your money on fire… but in a “good” way. 💸

In theory, less supply means more value. This little act of token-burning is the economy 101 for 2025. Since its birth, Shiba Inu has burned over 410 trillion tokens, most of them graciously gifted by Vitalik Buterin, who, if he keeps this up, will soon be giving away his retirement fund. It’s like the coin’s version of yoga – shedding the unnecessary and becoming more flexible. 🧘‍♂️

As if that wasn’t enough, the Shibarium network is flexing its muscles. With over 3.76 million transactions in just 24 hours, it’s practically a non-stop highway of Shiba Inu energy. Oh, and the number of Shiba Inu addresses? A tidy 207 million. Just imagine how many memes those wallets are storing! 📲

But here’s the kicker: the total value locked in Shibarium just hit $3.84 million, its highest level since January. This is a jump from a mere $2.15 million earlier this year – all thanks to ShibaSwap and WoofSwap. Look out, DeFi world – Shiba’s got a leash on the competition. 🐕

Shiba Inu price analysis

The weekly chart is showing something that could only be described as a “harmonic masterpiece.” The XA section from the 2024 peak to the August low. Then there was the AB section in December, followed by the BC section through April. Now, brace yourselves for the CD section, which, if it continues, could take Shiba Inu back to the 2024 high of $0.0000455, which is a full 190% higher than where it’s sitting right now. Talk about a comeback story. 🏆

If Shiba Inu pushes past the neckline at $0.000033 (which is its double bottom, a subtle but significant detail for those with sharp eyes), it will be game on, confirming the path to that glorious 2024 high. It’s like watching an underdog story unfold, one token at a time. 🎬

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2025-05-11 21:19